Point72 Asset Management L.P. Takes Position in Kulicke and Soffa Industries Inc. (KLIC)

Point72 Asset Management L.P. acquired a new stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 550,600 shares of the semiconductor company’s stock, valued at approximately $13,771,000. Point72 Asset Management L.P. owned 0.78% of Kulicke and Soffa Industries at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Kulicke and Soffa Industries by 6.8% during the 1st quarter. BlackRock Inc. now owns 6,085,082 shares of the semiconductor company’s stock valued at $152,188,000 after acquiring an additional 385,765 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries by 2.3% during the 1st quarter. Whale Rock Capital Management LLC now owns 3,424,212 shares of the semiconductor company’s stock valued at $85,640,000 after acquiring an additional 78,337 shares during the period. Franklin Resources Inc. grew its stake in shares of Kulicke and Soffa Industries by 11.5% during the 1st quarter. Franklin Resources Inc. now owns 3,028,475 shares of the semiconductor company’s stock valued at $75,742,000 after acquiring an additional 312,798 shares during the period. Renaissance Technologies LLC grew its stake in shares of Kulicke and Soffa Industries by 5.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,876,528 shares of the semiconductor company’s stock valued at $45,665,000 after acquiring an additional 92,900 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Kulicke and Soffa Industries by 63.1% during the 4th quarter. Millennium Management LLC now owns 1,458,050 shares of the semiconductor company’s stock valued at $35,482,000 after acquiring an additional 564,072 shares during the period. Institutional investors own 84.66% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. B. Riley boosted their price objective on Kulicke and Soffa Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Cowen assumed coverage on Kulicke and Soffa Industries in a research note on Monday, May 14th. They set a “market perform” rating and a $25.00 price objective for the company. ValuEngine downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price of $27.70.



In other Kulicke and Soffa Industries news, Director Gregory F. Milzcik purchased 4,185 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were bought at an average cost of $23.81 per share, with a total value of $99,644.85. Following the acquisition, the director now owns 52,807 shares in the company, valued at $1,257,334.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 1,000 shares of company stock worth $25,552. 1.40% of the stock is owned by insiders.

NASDAQ KLIC traded down $0.24 during trading hours on Monday, reaching $23.78. The company’s stock had a trading volume of 10,662 shares, compared to its average volume of 741,772. The company has a current ratio of 5.32, a quick ratio of 4.68 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries Inc. has a 1 year low of $18.22 and a 1 year high of $28.71. The stock has a market cap of $1.66 billion, a PE ratio of 15.38, a P/E/G ratio of 0.97 and a beta of 1.22.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Thursday, May 31st. The semiconductor company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). Kulicke and Soffa Industries had a return on equity of 17.55% and a net margin of 3.84%. The business had revenue of $221.77 million during the quarter, compared to analysts’ expectations of $221.80 million. analysts forecast that Kulicke and Soffa Industries Inc. will post 2.06 EPS for the current fiscal year.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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